But like, how can they milk us for more than we’re able to give?
Yeah, you can charge $100 billion for a studio apartment, but nobody is going to buy it.
The same logic is at play for raising rent. You can’t raise it beyond what people can pay, or else you’ll lose customers and make less money overall.
Not sure why this needs to be explained to you. You think they’re refusing to charge $100 billion for a studio apartment out of the goodness of their hearts? Lol. No. It’s market forces.
Like someone not understanding that minimum wage workers not being able to afford to live where they work is different than ANYONE being able to live there?
Weird.
“I took micro economics and I think I’m smarter than everyone cuz I’ve never heard macroeconomics exists.”
They raise the rent either way. If minimum wage was indexed to inflation since 1960’s it would be over 25 dollars.
20$ is still way too low. Workers produce more now than ever but get paid less than they did in the 60’s.
How can they raise the rent beyond what people are able and willing to pay?
Because they don’t give a shit. They’ll milk us all dry till we’re living 10 people in a 3 bedroom
But like, how can they milk us for more than we’re able to give?
Yeah, you can charge $100 billion for a studio apartment, but nobody is going to buy it.
The same logic is at play for raising rent. You can’t raise it beyond what people can pay, or else you’ll lose customers and make less money overall.
Not sure why this needs to be explained to you. You think they’re refusing to charge $100 billion for a studio apartment out of the goodness of their hearts? Lol. No. It’s market forces.
“Credit cards”
You still don’t understand, lol.
Even if people were relying on credit cards to pay, there’s still a limit that landlords would have to price around.
My god. This is why this generation sucks with money, lol. Most of you don’t have a clue what’s going on yet think you’re being clever.
Ahh well.
Ahh the good ol “this latest generation is terrible” that people have been parroting for literally centuries. 🙄
Well… if you look at this comment chain you’ll get an idea of how bad it is lol.
Like someone not understanding that minimum wage workers not being able to afford to live where they work is different than ANYONE being able to live there?
Weird.
“I took micro economics and I think I’m smarter than everyone cuz I’ve never heard macroeconomics exists.”